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Office hours revised: Banks, MFBs and DFIs to work 6 days a week: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced to observe six working days in a week. As per the decision...

Recorder Report Published April 14, 2022

KARACHI: The State Bank of Pakistan (SBP) has announced to observe six working days in a week.

As per the decision of the federal government, the State Bank will observe six days working week with the revised office hours during Ramazan, which will also be followed by all banks, Development Finance Institutions and Microfinance Banks.

PM Shehbaz abolishes two-day weekend for government offices

Office hours during Ramazan from Monday to Thursday and Saturday will be from 8:00 am to 3:00 pm with prayer break from 1:00 pm to 1:30 pm whereas on Fridays, office hours will be from 8.00 am to 1:00 pm without break.

The SBP has further advised banks and microfinance banks to observe the minimum business (banking) hours for public dealing from Monday to Thursday and Saturday, ie, from 8:00 am to 1:00 pm without prayer break whereas on Fridays, office hours will be from 8.00 am to 12:00 pm without break.

SBP Ramazan microfinance banks office hours Development Finance Institutions

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Comments are closed.

Bilal Apr 15, 2022 07:38am

No economic benefit of this decision just it will add burden on poor employees of banks as 52 working days increase in an year.

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Globally, working hours have been reduced to maintain good work life balance ,but here they are are putting extra pressure on employees just to please their business partners.Imagine employees are working for 7 hours with fasting in hot summer,, travellin Apr 15, 2022 12:39pm

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Zain Apr 16, 2022 01:32pm

Utter example of ugly decision makers, not considering the fact that it does neither add value nor productivity at both the institution and individual level. Instead, just another cost burden.

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TS Apr 16, 2022 10:27pm

SBP Governor must take up this matter with Govt as five days working esp. for banks was implemented on following realistic basis: work and family life balance save energy and to follow international financial markets.

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Shagufta bibi Apr 17, 2022 09:15pm

Not agree with this decision.kindly reverse the old banking time . thanks

Recommended (0)

Shagufta bibi Apr 17, 2022 09:16pm

And dont disturb to us ...hamin apna kam karnay dain ap apni siyasat daikhain..maff karain haim plz

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Pakistan

PTI workers start assembling at Bani Gala after arrest warrant issued for Imran

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 2 786 Investments Limited(786)	4.58 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 2 Al-Abbas Sugar Mills Limited(AABS)	310 ▼ 0.00 (0.00%)
Agro Allianz / Oct 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 2 Allied Bank Limited(ABL)	64.90 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 2 Abbott Laboratories (Pakistan) Limited(ABOT)	582.92 ▼ 0.00 (0.00%)
Abson Ind. / Oct 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 2 Alfalah Consumer Index ETF.(ACIETF)	8.01 ▼ 0.00 (0.00%)
Attock Cement / Oct 2 Attock Cement Pakistan Limited(ACPL)	81.57 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 2 786 Investments Limited(786)	4.58 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 2 Al-Abbas Sugar Mills Limited(AABS)	310 ▼ 0.00 (0.00%)
Agro Allianz / Oct 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 2 Allied Bank Limited(ABL)	64.90 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 2 Abbott Laboratories (Pakistan) Limited(ABOT)	582.92 ▼ 0.00 (0.00%)
Abson Ind. / Oct 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 2 Alfalah Consumer Index ETF.(ACIETF)	8.01 ▼ 0.00 (0.00%)
Attock Cement / Oct 2 Attock Cement Pakistan Limited(ACPL)	81.57 ▼ 0.00 (0.00%)

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Currency	Rate
USD PKR Interbank Selling / Sep 30	229.60
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Pound Sterling to USD / Sep 30	1.12
Euro to USD / Sep 30	0.98
UK LIBOR % / Sep 29	3.06

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Crude Oil USD/Barrel / Sep 30	79.49
Karachi Cotton PKR/37.32 KG / Sep 30	20735
Gold 10 Grams PKR / Sep 30	124743
Gold Spot USD/Ounce / Sep 30	1660.61
Cotton US¢/pound / Sep 30	85.34

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